: The invention disclosed herein is a topical pharmaceutical composition comprising combination of Sertaconazole nitrate with at least one synthetic corticosteroid selected from Halobetasol propionate or Alclometasone dipropionate along with pharmaceutically acceptable excipients, useful for the effective treatment of controlling eczema and eradicating fungal infection, and further discloses the process for preparation thereof. No. of Pages : 19 No. of Claims : 16